Schoolsfirst Mortgage Lending & HMDA Data, 2020
In 2020, Schoolsfirst of Santa Ana, CA reported 18,184 mortgage applications totaling $5.7 billion, up 43% from 2019. The average application was for $310,839, and applicants reported an average income of $135,663. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (7,623), Riverside-San Bernardino-Ontario, CA (4,609) and Los Angeles-Long Beach-Glendale, CA (3,364) (applications in parentheses).
| Mortgage Company & Address | Schoolsfirst 2115 North Broadway Santa Ana, CA 92706 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 18,184 |
| Total Mortgage Loan Application Amount | $5,652,300,000 |
| Average Mortgage Loan Application Amount | $310,839 |
| Highest Mortgage Loan Application Amount | $2,135,000 |
| Average Applicant Income | $135,663 |
| Highest Applicant Income | $6,744,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Schoolsfirst filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Anaheim-Santa Ana-Irvine, CA | 7,623 | $ 2,701,995,000 | $ 354,452 | $ 149,000 |
| Riverside-San Bernardino-Ontario, CA | 4,609 | $ 1,150,105,000 | $ 249,534 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 3,364 | $ 1,103,400,000 | $ 328,002 | $ 130,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1,493 | $ 348,835,000 | $ 233,647 | $ 130,000 |
| San Diego-Carlsbad, CA | 302 | $ 115,870,000 | $ 383,675 | $ 145,000 |
| Yuba City, CA | 132 | $ 24,180,000 | $ 183,181 | $ 100,000 |
| Outside any metro area | 84 | $ 17,990,000 | $ 214,166 | $ 120,000 |
| Oakland-Hayward-Berkeley, CA | 61 | $ 23,295,000 | $ 381,885 | $ 193,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 54 | $ 18,880,000 | $ 349,629 | $ 156,000 |
| Bakersfield, CA | 52 | $ 9,650,000 | $ 185,576 | $ 99,000 |
| Chico, CA | 39 | $ 5,765,000 | $ 147,820 | $ 183,000 |
| Stockton-Lodi, CA | 36 | $ 9,460,000 | $ 262,777 | $ 121,000 |
| Santa Rosa, CA | 26 | $ 9,950,000 | $ 382,692 | $ 374,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 23 | $ 9,555,000 | $ 415,434 | $ 139,000 |
| Fresno, CA | 21 | $ 4,595,000 | $ 218,809 | $ 99,000 |
| Santa Maria-Santa Barbara, CA | 21 | $ 6,735,000 | $ 320,714 | $ 117,000 |
| Vallejo-Fairfield, CA | 18 | $ 5,700,000 | $ 316,666 | $ 156,000 |
| Modesto, CA | 17 | $ 4,445,000 | $ 261,470 | $ 125,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 17 | $ 9,465,000 | $ 556,764 | $ 208,000 |
| Salinas, CA | 14 | $ 6,770,000 | $ 483,571 | $ 143,000 |
| San Francisco-Redwood City-South San Francisco, CA | 10 | $ 5,170,000 | $ 517,000 | $ 241,000 |
| Santa Cruz-Watsonville, CA | 6 | $ 3,020,000 | $ 503,333 | $ 142,000 |
| El Centro, CA | 5 | $ 945,000 | $ 189,000 | $ 133,000 |
| Napa, CA | 5 | $ 1,725,000 | $ 345,000 | $ 172,000 |
| Visalia-Porterville, CA | 5 | $ 855,000 | $ 171,000 | $ 112,000 |
| Merced, CA | 4 | $ 590,000 | $ 147,500 | $ 84,000 |
| Redding, CA | 4 | $ 700,000 | $ 175,000 | $ 123,000 |
| Hanford-Corcoran, CA | 3 | $ 455,000 | $ 151,666 | $ 107,000 |
| Madera, CA | 2 | $ 590,000 | $ 295,000 | $ 91,000 |
| San Rafael, CA | 2 | $ 1,420,000 | $ 710,000 | $ 227,000 |
Mortgage Loan Application Detail Totals for Schoolsfirst in 2020
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 8,023 | $2,462,245,000 | $306,000 | $1,855,000 | $134,000 | $5,711,000 |
| Refinancing | 5,234 | $1,795,720,000 | $343,000 | $2,135,000 | $132,000 | $2,587,000 |
| Home Purchase | 2,207 | $1,104,455,000 | $500,000 | $1,975,000 | $145,000 | $6,744,000 |
| Home Improvement | 2,048 | $206,250,000 | $100,000 | $555,000 | $144,000 | $2,712,000 |
| Other Purpose | 672 | $83,630,000 | $124,000 | $1,205,000 | $128,000 | $718,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 8,716 | $2,814,180,000 | $322,000 | $2,135,000 | $146,000 | $5,711,000 |
| Hispanic | 5,418 | $1,554,010,000 | $286,000 | $1,265,000 | $116,000 | $6,744,000 |
| Not Provided | 1,924 | $567,840,000 | $295,000 | $1,855,000 | $138,000 | $2,712,000 |
| Asian | 1,441 | $512,285,000 | $355,000 | $1,975,000 | $148,000 | $1,385,000 |
| Black or African American | 561 | $168,855,000 | $300,000 | $1,225,000 | $124,000 | $626,000 |
| American Indian or Alaskan Native | 78 | $22,880,000 | $293,000 | $925,000 | $135,000 | $393,000 |
| Native Hawaiian or Other Pacific Islander | 44 | $11,080,000 | $251,000 | $835,000 | $137,000 | $320,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 18,184 | $5,652,300,000 | $310,000 | $2,135,000 | $136,000 | $6,744,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 12,902 | $4,005,300,000 | $310,000 | $2,135,000 | $138,000 | $1,375,000 |
| Application Withdrawn By Applicant | 2,782 | $960,480,000 | $345,000 | $1,505,000 | $142,000 | $6,744,000 |
| Application Denied By Financial Institution | 1,515 | $401,155,000 | $264,000 | $1,225,000 | $104,000 | $581,000 |
| File Closed For Incompleteness | 725 | $203,825,000 | $281,000 | $1,755,000 | $132,000 | $2,712,000 |
| Application Approved But Not Accepted | 210 | $61,850,000 | $294,000 | $1,075,000 | $139,000 | $581,000 |
| Preapproval Approved but not Accepted | 49 | $19,245,000 | $392,000 | $905,000 | $115,000 | $306,000 |
| Preapproval Denied by Financial Institution | 1 | $445,000 | $445,000 | $445,000 | $101,000 | $101,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 16,668 | $5,250,700,000 | $315,000 | $2,135,000 | $139,000 | $6,744,000 |
| Debt-To-Income Ratio | 721 | $182,315,000 | $252,000 | $1,225,000 | $79,000 | $360,000 |
| Credit History | 243 | $62,525,000 | $257,000 | $1,045,000 | $119,000 | $374,000 |
| Other | 230 | $58,000,000 | $252,000 | $1,065,000 | $119,000 | $581,000 |
| Collateral | 222 | $71,640,000 | $322,000 | $1,085,000 | $149,000 | $516,000 |
| Employment History | 47 | $11,485,000 | $244,000 | $955,000 | $101,000 | $290,000 |
| Unverifiable Information | 43 | $12,345,000 | $287,000 | $965,000 | $103,000 | $540,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,330,000 | $388,000 | $755,000 | $113,000 | $205,000 |
| Credit Application Incomplete | 4 | $960,000 | $240,000 | $405,000 | $103,000 | $143,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Schoolsfirst's 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Schoolsfirst's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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